EU FOOD AND DRINK INDUSTRY FIGHTING TO SURVIVE AS INFLATION TAKES HOLD
August 30th, 2022
Europe’s food and drink industry is facing tough general and industry-focused inflation rates not witnessed since the global financial crisis and its related recession in 2008-9. These past food inflation rates dipped sharply and quickly as governments took control of this crisis – government spending was mopped up by bad debts rather than additional purchases. However, the current inflationary wave, fuelled by loose public money designed to prevent economic collapse during the Covid-19 pandemic, may have deeper roots. Economies were stable before the health ...
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